# PPP loan: DUKE ELECTRIC COMPANY, INC.
> **$2.37M** approved 04/05/2020 · Paid in Full · Loan `5103327002`
## Borrower
- **Name:** DUKE ELECTRIC COMPANY, INC.
- **Address:** 6451 FM 1541, AMARILLO, TX, 79118
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.37M
- **Initial approval:** $2.37M
- **Forgiven:** $2.40M (101%)
- **Forgiveness date:** 04/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.78M
- **Rent:** $296K
- **Utilities:** $296K
- **Jobs reported:** 137
## Lender
- **Originating:** First United Bank
- **Servicing:** First United Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*